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Assume the foreign exchange rate quotes are such that $1 is equal to 0.5971 units of British pounds and 5.6818 units of Danish Krones.

 

Assume the foreign exchange rate quotes are such that $1 is equal to 0.5971 units of British pounds and 5.6818 units of Danish Krones. Also, those quotes can be expressed as British pounds 0.5971/$ and Danish Krones 5.6818/$. How many Danish Krones is needed to buy 1 unit of British pound? CenturyLink Inc received an order for selling phone system to a firm in Spain. The total price of phone system is 88,550 in U.S. dollars. Approximately, how much the firm in Spain will pay to CenturyLink Inc in Euros if one unit of Euro is currently equal to $1.3353 (expressed as $/Euro)? OED

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